Dow joins Nasdaq, S&P in record territory, as stock market rises ahead of Fed minutes
U.S. stocks indexes opened modestly higher on Wednesday, following a fresh round of record closes for the Nasdaq and the S&P 500 index to kick off the new year. The Dow Jones Industrial Average looked to carve out its first record in 2018, up about 30 points, or 0.1%, at 24,856. Meanwhile, the S&P 500 index rose 0.2% at 2,700, marking an intraday high, and the Nasdaq Composite Index rose 0.3% at 7,029, adding to the tech-heavy index's push above the psychologically significant level at 7,000. Wall Street is awaiting further clues from central bankers, with minutes from the Federal Reserve's policy meeting last month set to be released at 2 p.m. Eastern. Investors will pore over the minutes to glean insights about the pace of rate hikes in 2018, which could influence the U.S. dollar and the benchmark 10-year Treasury .